Real estate market growth remains positive

An economy with relatively high growth, the high proportion of foreign direct investment (FDI) capital and remittances spurred growth for the Vietnamese real estate sector in 2016.
Real estate market growth remains positive ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Aneconomy with relatively high growth, the high proportion of foreign directinvestment (FDI) capital and remittances spurred growth for the Vietnamese realestate sector in 2016 and the trend is expected to continue in 2017.

At a press conference on thereal estate market held by the CBRE in Hanoi on January 10, the Americanreal estate firm said the proportion of the FDI capital flowing into the realestate market in 2016 was the second highest among economic sectors.

According to CBRE Vietnam General DirectorMarc Townsend, despite a lack of breakthroughs, resources for the real estatesector remain strong and will prop up the market in 2017.

The HCM City Real Estate Association sharedthe viewpoint with CBRE, saying that FDI capital and remittances will continuesupporting the market.

According to Nguyen Hoai An, Director ofresearch, consultation and appraisal and asset management of CBRE, FDI capitalremained a key growth driver in 2016 and seven percent of FDI flowed into realestate, which was modest compared with the level of 25 percent during 2007-2009but was valuated as more sustainable.

On the development of the real estatemarket, Savills Vietnam cited the sector’s growth of four percent in 2016, thehighest level in the last five years.

The growth of the sector is manifested by morethan 3,100 newly-established enterprises and retail revenue of 117 billion USD,up 10 percent from the previous year.

An said the apartment supply in Hanoi fell10 percent but the number of successful transactions increased month by month.

In the city, a total of 21,188 apartments weresold in 2016.

According to Savills Vietnam, about 77projects with 55,000 apartments will join the market in 2017, mostly located indistricts of Hoang Mai, Thanh Xuan, Ha Dong and South Tu Liem.

Nguyen Tran Nam, Chairman of the VietnamReal Estate Association, said the demand for small-sized apartments and socialhousing is large, with concerted efforts from the government needed to developthese markets.-VNA

VNA

See more

Deputy Prime Minister Nguyen Chi Dung speaks at the Vietnam Innovation and Private Capital Investment Forum 2025 (VIPC Summit 2025) in Hanoi on April 22. (Photo: VNA)

Deputy PM commits to innovation-driven growth at VIPC Summit 2025

Vietnam identifies sci-tech, innovation, and digital transformation as key economic drivers over the next decade, Deputy PM Dung said, noting that Vietnam’s strategic appeal to global tech giants is bolstered by a major shift in global supply chains, allowing the country to expand its manufacturing footprint in electronics, semiconductors, and AI.

A customer buys gold at a Bao Tin Minh Chau store in Hanoi (Photo: VNA)

Gold price hits new record

At 10am on April 22, Saigon Jewelry Company (SJC) listed gold bar prices at 120.5-122.5 million VND per tael.

A shopping centre in HCM City. The affordable and mid-range segments will remain pivotal in the city's retail property. (Photo: VNA)

HCM City retail property market faces challenges

New retail malls are consistently being introduced in districts outside the central areas, offering a wide array of business models. This trend is gradually transforming traditional street-front retail, which is under significant pressure from the growing e-commerce sector.

The event "The Essences of Vietnam Fruits" promotes typical fruits of localities across Vietnam. (Photo: congthuong.vn)

High-quality Vietnamese fruits to be showcased in Hanoi

Each displayed product will have a QR code which helps visitors easily access detailed relevant information, such as product origin, growing area, production and preservation processes, and official sales addresses.

A worker checks information on product origin at Dong A steel factory (Photo: www.sggp.org.vn)

Vietnam tightens product origin rules to boost global trade edge

As Vietnam deepens its integration into the global economy through more than 15 free trade agreements (FTAs), including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), origin transparency has become a non-negotiable requirement to access tariff preferences and avoid trade defence measures.

Production at a small enterprise in Thanh Hoa province. Linkages will help small and medium sized enterprises diversify markets. (Photo: VNA)

Local businesses should strengthen links to overcome global challenges: Experts

Tran Thi Hong Minh, Director of the Institute for Policy and Strategy Studies under the Party Central Committee’s Commission for Policies and Strategies, said: "In a world of rapid and complex changes, linkages help businesses diversify markets, connect with new models and better use resources. They are also critical in mitigating risks and enhancing overall competitiveness.”

Nestlé Vietnam announces investment expansion in Vietnam operations (Photo: thanhnien.vn)

Nestlé announces investment expansion in Vietnam operations

Since 2011, Nestlé’s NESCAFÉ Plan has supported over 21,000 coffee farming households in adopting internationally recognised sustainable farming practices. These efforts have helped reduce water use by 40–60%, cut chemical fertiliser use by 20%, and increase farmers' incomes by 30–150% through crop diversification

Vietnam to diversify markets for agricultural products amid global trade shifts. (Photo: VNA)

Vietnam to diversify markets for agricultural products amid global trade shifts

According to the Ministry of Agriculture and Environment (MAE), Vietnam’s agricultural product exports are inevitably affected by disruptions in global supply chains and the imposition of unilateral, stringent tariff policies by major economies. Nonetheless, these challenges also present an opportunity for Vietnam to adjust its export strategy and focus more intently on emerging and high-potential markets.